Colombia cancels satellite purchase due to lack of funds
Colombia cancels satellite purchase due to lack of funds
Sep 25, 2014 posted by Christoffer Frendesen
Colombia’s vice president has announced it will not purchase a $250 million satellite, but instead will continue to buy information coming from other satellites.
The planned satellite is canceled because the government doesn’t have the budget for the purchase, vice president German Vargas stated.
“We have explored the possibility over the last few years but the government concluded that at this time is too inconvenient, unfortunately the country is not in the economic capacity to make this investment,” Vargas said.
The government prefers to purchase the necessary satellite images elsewhere, which cost $11,5 million a year adding up to $80,5 million in the same seven years the planned satellite would last.
More:
http://colombiareports.co/colombian-government-cancels-purchase-satellite/
